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There Are 10 Million of Them! (Millionaires, That is)

There are 142,000 Americans with a net worth above $25 million, according to Spectrem's Market Insights.

| BY Kent McDill


There are more wealthy Americans than ever before, and the number of Americans with at least $1 million has reached a significant total.

Spectrem’s annual Market Insights 2015 has been released, and it shows that there are more than 10 million Americans with a net worth of at least $1 million out of the total of 121 million households. The total is at 10.1 million, and the percentage of Millionaires among the population is 8.3 percent.

Market Insights 2015 details the number of affluent Americans in four wealth segments, ranging from the Mass Affluent, with a net worth between $100,000 and $1 million Not Including Primary Residence, to the $25 Million-Plus segment, which has reached 142,000, an increase of 10,000 from the previous year’s report.

Market Insights 2015 also includes information on how the affluent investors invest their funds, how much risk they are willing to take, and their plans for passing on their wealth to the next generation.

The key numbers from the report include:

·         There are 29 Million Mass Affluent households with a net worth between $100,000 and $1 million, an increase of more than 500,000 from the year before.

·         The number of Millionaire households with a net worth between $1 million and $5 million is approaching nine million, sitting now at 8,790,000.

·         There are 1,168,000 Ultra High Net Worth households with a net worth between $5 million and $25 million NIPR.

“Given the record level market in 2014, along with a full recovery of investment real estate, and investors’ perceptions of value of their own privately held business, it is not surprising that we see these record numbers,’’ said Spectrem Group President George H. Walper Jr. “These investors remain optimistic about their future but are still looking over their shoulders at the policies being developed in Washington that could influent interest rates and overall economic policies.”

Sixty-one percent of the UHNW investors are retired, and another 14 percent are semi-retired, according to the report. Fifty-eight per cent of the Millionaires are retired, as are 41 percent of the Mass Affluent.

 

To purchase the report, click here 

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.